Yo-yo, what up? What the fuck is going?
Good morning. Good morning.
GMG. Tuesday, January 21st, 2025.
Look at that. Another beautiful day to have a
beautiful day. I got my coats in the house.
Tyler. Tyler.
Good morning.
How you doing today? What's going?
I don't know what just happened. Somehow I seemed to have cut
myself and I was bleeding profusely right as we were going
live. So if I have to duck out for a
second, you'll know why. But it's been a little bit of a
rock in the morning here in the markets where we're also selling
off on the leash. Cut your face.
Don't know your intros, Give me a SEC here.
This guy. So Tyler cut his face and he's
like bleeding. I have no idea what's going on.
I'm like, I'm like reading the full My hour chat and it's like,
hey, Brooke, you may have to do your introductions together.
It's alone. Because Mendel's late.
Because Tyler cut his face. Like me cut Tyler's cut his
face. OK, well, today Tyler's gone.
Mendel's late. Oh my God, it's so funny, man.
Let's let me get let's post a broadcast link and everything in
the meantime, you know the vibes it's Robert loot box spin day
today. So the the.
I'll come keep you friendly. I'll come sit with you.
It's OK. Oh funny.
Oh my God, what is happening? Things that we deal with in live
production, right? This is this is what we deal.
With why, How did he cut his face?
I don't know. I just saw that he was just
going in blood. I thought, shit, I don't know,
Maybe if it's got like a shaving cut or something because he's a
clean shaving kind of guy and this maybe it's something that
just. He must have clean shaved this
morning. Oh, Tyler.
Tyler did it all right. Let's so funny.
I don't even know what to do. It's hilarious.
Brilliant. Intro Roll your usual intro Go
with it. All right.
Today on the show today, today, today.
Well, what do we got? We got the market report.
Reminder's not here. We got Tyler's top 100 Tyler's
not oh, but lootbox spins at least dad's here.
So you know, get retweeting, get sharing, you know the vibes as
we're going to get some spins going.
So I want to see some retweets on the show.
I want to see everybody pack in get in here.
Are we going to free Ross today? Let's see.
I know we got the the executive orders that we're going to be
following pretty closely. I'm not sure what time that's
coming in. If anyone knows in the audience,
just hit me up in the comments and let me know what time this
starts going out. There he is.
He's back. The man, Tyler.
We're just going to roll with it.
I can't find any bandits. I have 100 bands in this house.
I have no clue where they're at. So we're.
Clean shave this morning. Is that why?
Yeah, what happened? But is it a shaving cut?
Maybe I. You look like a clean shave type
of guy. Yeah.
So apologies. For those you could, dude, you
could. I was just like, so take I was
like laughing because I'm just seeing messages in the chat like
be careful. You're going to be alone.
I mean, I can go to mirror and
markets. I can go to what markets we got
to take. Where's the wifey?
Wifey come help your boy. My damn kids have hidden all the
band aids like we have hundreds of bands in this house.
I have no idea where they're at. Did the kids actually hire the
band aids? That is hilarious.
They are. Oh my.
God, man, that is too funny. That is too funny.
Anyways, we'll go through the show.
Stop wiping it. People are saying it.
Stop wiping it. Hold on the tissue on it.
Hold the tissue on it. There you go.
Stop wiping it. There you go.
All right, you, you hold that
tissue on to down the show. OK, let's go through market
report. I think we do have Tyler's top
100 today, so we'll go through some topics and see what's good.
Let's see what executive orders come into them.
I'm pretty excited for that. I do think we're going to get a
few. Let's talk about this a little
bit then rule but lose box spin. As we said and as usual, this
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X. If you get wrecked, you won't
get drained. Tyler, we'll go to you first as
Mendel's not here and go through the topics.
I'm sorry I have to put you through that.
That's the only thing I can do right now.
Folks, our crypto majors are going on an absolute roller
coaster ride. After no crypto executive orders
were signed by Trump on day one, though expectations were high.
Bitcoin now at just over one O 3K.
Also there's a handful up five or 10% hype.
Hype is actually leading the way up 13% today.
You'd love to see that in macro headlines here.
We had the Trump WLF team by over $100 million in major
crypto tokens that included $47 million each of Bitcoin and
Ethereum. So that was their big
announcement for yesterday. We had the Ethereum Foundation
commit to using 50,000 ETH to participate in D5 on Ethereum.
Amidst some broader fun around its leadership, Trump picked
Mark Ayuda as the interim SEC chair until the permanent chair
is selected. He is widely thought to be pro
crypto. Michael Saylor news this came in
this morning. Bought another 11,000 Bitcoin
through MicroStrategy so big Mike keeps buying El Salvador.
Not to be left out, they bought 11 more Bitcoin for their
strategic reserve. Despite promising to slow down
stablecoins. Folks, stablecoins have gone
parabolic on Solana in this past week.
I encourage folks to go check it out.
Up over 50% now. Over $9 billion / 2 billion in
USDC minted on Solana in the past three days.
So some big action over there. Money is coming on chain in
token AirDrop and protocol news folks, we got the Jupiter
AirDrop news this morning. It is coming tomorrow, 10:30 AM
Eastern for that AirDrop claim. It is a claim, not an AirDrop.
Blast delivered its blur gold, leading to speculation that the
blast AirDrop might be coming soon and the million announced
its AirDrop details requesting registration by February 3rd.
And then shout to Wasabi. Wasabi launched a new Solar
Burst game allowing players to speculate on mean coins.
No buy in and then the top, the top PN LS get real cash prizes
at the end of the seven day period.
In AI crypto news folks, it looks like AI is starting to
creep back up here. Leaders still down, but but the
lower mid tier saw several tokens up 30 to 70% on the day.
Hollow Tatsuo, UBCY&E, Tank and Moby were some leaders.
Fartcoin continues to dominate mindshare despite its pullback.
Some updates here. We had Eliza debut new D5
functionality, including recentering and rebalancing LP
positions. The Ava team released its Hollow
World launch pool with Ava stakings.
Now you can stake your Ava and earn Anon, the Hey Anon protocol
from Danielle Sesta. They're integrating Kaido social
data to enable automatic trading based on mindshare growth or
decline. So that was an interesting one.
And then Speaking of Kaido that they teased 2 new tracking
dashboards, 1 seemingly geared towards just AI agents in memes
in NFTS Meme coin majors mostly read here.
This morning we had some breaking news before the show.
This Rex company or fund has filed for several ETFs,
including a Trump ETF and DOGE ETF.
We also saw DOGE spike 20% this morning when the doge.gov
website was revealed to have the the DOGE coin logo featured
front and center on its page. We also had the Zack XPT token
drama play out last night. Token briefly sourced to 90
million dollars, 50% sent to Zack ELP net and the token fell
90% from there. Not a whole lot of NFT action
except on Bitcoin. Ordinals up pretty big, up 10 to
25%. Runes up even more after Binance
announced 3 futures listings. So quite a bit of action for a
whole. Let's go.
Our ruins are up. Pops is back to a whole $60
million. Oh man, if Mando was here he
would love that last sentence of yours.
For one second folks, I saw the the ruins.
I saw the ruins Bull posting happening yesterday and I go to
check prices and everything's up like 40 to 50% and then I was
comparing it to Friday prices which is the last day I wrote
the newsletter and everything was was down.
So we lost for OCA looks like. I'm back.
I, I refreshed. We should be good.
Cool, I was just talking about how runes are up big on the day
but actually still down from from Friday which was a little
bit painful. A little bit painful to see.
Yeah, it's it's interesting. I mean, it's definitely not
right now as is. I mean, if we talk about ruins
and, and and there's a million things to talk about, but
quickly as is, they're definitely not following the
whole trend of like Bitcoin goes up and the Bitcoin eco goes up
with it. Like that's for sure.
That's that's one thing that's for sure right now.
It's not doing the thing. I'm not too sure what I mean you
do think like you're doing the underlying asset to chill before
like the the high risk assets within its own chain.
You know, you know, get back up. But yeah, puppets sub .1.
I was surprised to see that I didn't checked in the bit, but
you know, it seems like we have so much trouble breaking that
point 14.15 mark on there on the puppet side, even though monkeys
do like no monkeys and puppets just not catching a bit above
that. So that's been interesting to
see Quantum cats or what .3 Bitcoin for quantum cats is
impressive. I'm not going to lie.
They've held the strongest for. Sure like there are still three
extra men right and and that is super impressive.
It looks like the Billy being stopped.
Look at that we have we have free chat chat saved your life.
You could have like bled out and died, you know?
A lot more blood than we than I expected.
I guess cheeks are I Yeah. It was that bloody here.
These are like fingers will bleed for like, hours.
There you go. Thank you, Ari.
It was actually a corner cap that saved your life.
It was this person that that kept suggesting that you just
stop rubbing it. So there you go.
You were saved by an ordinal. The irony.
Who would have expected that? Who would expect that?
Let's talk about majors here until we get Mando.
You're right dude. This majors uncertainty is
really wrecking on meme coins. I mean far coin is speed running
to 0 to seek my wallet in absolute shambles.
I will not be looking at my phantom balance today, but let's
talk about Bitcoin first. Tyler range looks tight now.
I like it. I like this hundred to 105 K
range that we've been kind of like dabbling in the last couple
of days. Obviously seems like we're
highly depending on executive orders here.
Last night, Tyler, it seemed like just a tweet of Elon saying
that they're going to free Ross was enough to move the market.
And So what do you think? Today?
I put a poll out on my Twitter earlier, Tyler saying how many
executive orders are going to be crypto related?
How many crypto related executive orders do you think
President Trump will sign today? 1234 more because it can't be
zero in a free Ross, right? That's why they put zero by the
way, Like count Ross as one and Elon confirmed it.
What do you think? How are you feeling about this
here today? 4 is a lot I I don't know that.
Yeah, the four plus looks like a lot of hopium from the timeline,
I'm not going to lie. Like.
Here's where this is challenging.
It's like I think some of these executive orders have like
multiple sub components. So like I, I could see there
being like 1 crypto order that has free Ross Crypto Council.
Maybe the reserve, maybe the reserve has to be separate.
I'd probably go with two to if I had to pick like two or three,
I'd probably pick two. I think that's where my head is
pulling back to the Bitcoin price section.
It seemed like one O 2K was the new floor.
We we broke it after the EO after the executive order
signing finished last night, briefly fell to 100 and then
rebounded pretty quick. Perhaps tied to the Elon pre
Ross thing. It's kind of seems like the
floor is there right now at 100, but it, it all just feels so
shaky and volatile right right now.
And I think everyone's just kind of holding and waiting to see
like this, this round of executive orders, like what is
going to be announced. And I think once we get through
that, we'll, we'll get back to like some somewhat normal price
action. The other thing I've been
waiting for was like, what what the Hell's going to happen with
the, the Bitcoin ETFs today? So they a lot has transpired in
the crypto markets since the ETFs closed.
Friday at 3 PM 4:00 PM Eastern. And I was very curious if
they're going to come in and and be buyers or sellers.
My gut was we're, we're they're going to be net buyers today and
I'll stand by that. But we still so.
Yeah, but it's buying back up now.
It's just, it's dude, like 1% move is like over $1000 now,
right? So it's it's nothing.
What do they buy? They bought a billion dollars on
Jan 17th. Markets open today.
They're probably buying into the Trump pump like they're probably
the boomers. Are DJ's like us, right?
Feels like they're just buying right so far.
They're net buyers, right? If, if you like the Trump meme
coin, launch as a, if you are out there and you like that as a
sign that they're here for crypto.
Maybe you're, you're flipping by the other thing.
And, and maybe folks haven't even seen this yet, but the
World Liberty team buying $47 million worth of wrapped Bitcoin
feels good. Yeah, if you were like on the
fence about buying Bitcoin. I think this is a big signal for
the boomers, right, even more than us.
Like I know we like to use that as a good headline, but like I
feel like, well, if you're a boomer, you're like, well, this
is Trump's company and then Trump's company decided to trump
and family, right, because every single child of his is listed on
the website and you see 47. I mean, it's good for Ethereum
as well, for what it's worth, and I want to get to that in a
second with you. But ETH Bitcoin Ave. link like
this is heavy. These are all ETH, right?
So it's it's all good news on that front.
So I wouldn't be surprised. I think like like this range is
interesting here now, like I like that we're staying above
this 100 and like 100K mark no matter how many times they try
to hammer it yesterday. I mean, you and I streamed for
like 3 hours yesterday and how many times did we see this range
like happen like within an hour and a half the hour and a half
extra. I think you and I watched it can
go to a hundred 203 K like 50 different times within an hour.
So we'll be interesting to follow here, Tyler.
You know, there's still a chance for the eternal range.
But for now, I like, I like that we're tight.
You know, like I I it's like, right.
And I think on the show last week we were talking something
around the fact that around 20th, 21st is when we really see
like a pop off. So I woke up this morning,
realized it was the 21st. I'm just waiting on executive
order at this stage because it looks like this is what the
market is waiting on. The other major that's making
major news. Is it there?
Yeah. It's huge news.
So I mean a couple a lot of things have been.
Happening. There's a lot going on there.
Yeah. Let's unpack that because I feel
like it's talk of the day. I'll admit with everything
happening, I haven't been diving into like all of the dialogue
that's been happening, that's a lot increasing frustrations
around the Ethereum Foundation and its leadership and not being
competitive enough or or really being like the right
ambassadors. And I think there's been a lot
of comparisons to what the slot on leadership has done.
And a lot of folks have seen Solana outperforming ETH in
areas where perhaps ETH should be competitive.
So, so louder and louder cries. We have Vitalik kind of hitting
back at folks. And this was a little bit, I
think this cost people by surprise.
And he's basically saying that he is the person who's going to
decide the new Ethereum Foundation leadership and that
the buck stops with him. And that basically said, you
keep chirping me. The more you chirp me, the less
I'm going to do what you want. So they're trying to get this a
lady to resign really bad right? Aya Migochi Miyaguchi.
This koi Mama guy is so fucking cringe.
I got to tell you guys unfollowed him 2 days ago.
He's like so he's this ETH Maxi Tyler and he has been like the
most vocal Solana hit like all cycle.
I had my notification on for a second for him like early cycle
and he was like non-stop attacking Solana like hardcore
like non-stop dude like this one is 0 fighting it like the whole
trade up. Like that whole cope thing.
Like literally he's the definition of cope.
And then all of a sudden he lasts a few weeks started like
fully attacking Ethereum, like Ethereum foundation and like
full on full on full on full on full on.
Oh I'm going to sell my bag slow.
People are going to realize these people are no different
than, like the mean corn bag holders that are, like, super
annoyed about the dev not doing something.
I must think there's no truth to it.
But, you know, if it looks like they're trying to see.
So he said no. But if we keep the pressure on,
she will resign. So he's trying to, like, use
social pressure to like, get the Ethereum Foundation to like to
do that. And I guess they got Vitalik on
the whole wartime mark. So Vitalik this morning said
that this morning. Yeah.
This is not how the game works. The person deciding the new
Ethereum Foundation leadership team is me.
One of the goals of the ongoing reform is to give the Tim
Foundation a proper board. But until that happens, it's me.
If you keep the pressure on, then you are creating an
environment that is actually toxic to top talent.
It's got a point. Some of your best devs have been
messaging me recently expressing their disgust with the social
media environment that people you like, you are creating, you
are making my job harder. So what do, what do we think
here? Like I wrote this morning, Tyler
and the group chat you're in like with Jeeves and stuff.
And I was like, I think it's like a 5050 thing, right?
Like 50% of it to me is like the social media Ethereum, KOL is
what we're gonna call them so fucking cringe.
And they've like literally made everybody hate Ethereum, right?
Like the Dottie, the Eric Dotties was like, oh, I'm not a
Dotties anymore. It's like, yeah, good job.
Like after you really ruined it for everyone.
It's like all these guys I think are so cringe.
A lot of the bank lists stuff and everything.
But then the other half is just the fight.
The Theorem Foundation has just in my opinion, mismanaged the
theorem as a as a business and that's it.
The centralized network is the strongest decentralized network
in the world alongside Bitcoin, but it feels like they've the
people seem to feel like the term foundations kind of fail
them with their mission. What do you think?
Like what? What are you?
Yeah, I mean, that seems to be the the bigger frustration from
I think the more serious, the more serious folks on the time
and like folks like DC Investor, you know, who is, who isn't like
going to just do like stupid fun out of nowhere, right.
Who who gives? Yeah.
He's he's usually more level headed, yeah.
And he's been like doing his part to lay out some solutions.
I think there's also has been growing frustration with the
differences in UI user experience across Ethereum and
Salon. I think like Kobe or someone
they were talking about, like if you're, if you were joining the
Ethereum team, Ethereum Foundation, the first thing you
need to do is like these five exercises.
And, and like to say, like try to trade meme coins on salon and
ETH to try to, to sell the base pair.
Just to, to like to bridge, just to, to go through the process
and, and see how different it is.
And like all of us who are doing this, like on a database is
like, we know it is significantly worse, right?
So I think that that's a part of it.
You have the Ethereum Foundation continuing to sell ETH and not
really participating in the ecosystem, which it looks like
that's a part of what may have changed.
So I think that is perhaps a part of the bull case here, the
50,000 ETH promise. I like that.
By the way, I sent that to you right away.
I think this is cool. Late but cool.
And I know there's mixed feelings about like the the
Trump family coming in, but World Liberty Financial is on
earth. They've just bought $49.00
worth. I think it's actually higher
than that. It's more right because 47 mil
of ETH but it's also 5 mil of Anna. 5 mil.
It's literally it's only Bitcoin and Ethereum.
And I think there's a chance it's going to be in the reserve.
I don't know if reserve is coming this week or not.
I have no clue. I think there's a chance that
the theorem is included in that. You still have like the whole
BlackRock tokenization and they're working on 510 year time
horizons. Yeah.
So where I'm going and like with the capitulation we're seeing
right now and with the death of each Bitcoin, I don't know, it
kind of feels like there are a lot of signals out there.
I think this is the biggest bottoms like honesty.
Eric saying I'm gonna do anything anymore and posting his
thing to me. Is the number big absolute
biggest bottom signal ever Now maybe you need Vitalik to chill
on the whole like you know, wartime orc shit, then you're
good. You know what I mean, But I
could understand his frustration, but also like he's
got to understand he kind of brought himself there.
I think a lot of people are expecting Ethereum to be more
active. I I I we're users, right of
crypto like we're power users. I like to thank you and I and A
lot of the people listening to the show everyday.
Ethereum is honestly just so hard to use, so hard to use.
It has become and look, I love Man mask.
I love the consensus team shot to them.
They're involved with what we're doing.
It's unusable. You cannot use man mask.
It's not a good product, you know, And then you go on Jupiter
and then you go on and then you go on, on, on, on, on, on
Phantom. Like what the fuck?
Like, why isn't it like that? Like I'm not a tech guy, so I
want to go build it. It's easy, but surely it's easy
when you have the resources and the devs.
You know, I'm missing devs for what we're building.
So obviously some of stuff we're building takes forever, but fuck
limited amount of money, Tyler and resources, you know, and so
I just I don't know, man, like this weekend, you know, this is
when really hit me even more, Tyler, like, you know, I told
you like my friends were buying Trump at home, like we're
gambling on MMA. They bought some Trump and far
coin. Like it's weird about this and
true story. I'm not and I'm not talking
millions, like I'm talking 500 bucks and the other one put like
$200 in it right still. But my friend, for example,
found out. So it's funny.
I have a friend of mine. I was convinced him to go.
I bet crypto forever didn't. And I'm like make a phantom.
He found $7000 worth of chain link in his wallet.
OK, that was funny. Yeah, yeah.
Out of nowhere that he bought like five years ago.
Anyways, he was like, can you please help me?
You know, I don't know how this works.
I'm like, OK, let me help you. I was trying to transfer the
link to to USDC S into USD, then moved the USDC to the bridge so
he could buy in Solana mean coins.
That's what he wanted to do. He had $40 in his wallet,
couldn't transfer it. It's like what?
So I had to send him some meat, like all these things and he's
like, for real. I don't understand any of this.
Why is it so complicated or why is it so expensive?
And that's explaining, well, there's L twos and there is the
base and there's arbitrage. They don't give a fuck about
this shit. You know, he's it all came down
to why is Ethereum so impossible to use?
I don't want Ethereum. That's word for word what he
told me. We're trying to fight.
If I was going to try to bring a friend on chain, there's 0%
chance I would bring them to ether base and there is 100%
chance I would bring them on to Solana.
Yeah, all my homies on Solana, he moved that entire $7000 stack
by the one Seoul. He bought some far coin, he
bought some Trump. And then overnight, like that
was the night before everything like 2X whatever.
Like obviously like a little down now, but you know dude,
it's just really hard to use, man.
So I don't know. We'll see what happens all.
Right, You can get CB Bitcoin on Solana like you, you can hold
these assets like Lana has everything like it's good.
Like I know there's a longer like there's a lot of
conversation about just security decentralization and certainly
there are some benefits to there.
So I'm not I'm not meaning to discount that, but more from
just a pure day-to-day usability standpoint.
You, you can do everything basically you want to do on on
Seoul. Yeah, it's just literally.
But I like that E chart and I'm I held the long, you know, we
were, we were sweating the long yesterday I held it.
So I still think there are some near term bullish catalysts.
Yeah. That are more likely than
bearish catalysts for ETH in the near term.
Yeah, I mean, it's kind of been ranging in this range forever.
I mean, obviously this mega dip here I was wild, but it's
literally like what? What it's it's back to prices
from February 2024 dude. That's tough.
So if you held eighth since last February.
You're back to square 1. Even and you missed the whole
Bitcoin run. You missed 50% upside in
Bitcoin. Yeah, and Solana and it's coins
and this and that. Yeah, 328 days.
So that's also what's driving the frustration, right?
These guys have been holding Ethereum for years and they're
frustrated now. You know, I mean, I don't get
it. Like, I just, I just don't get
it, dude. Like, honestly, when I saw these
people, like, you know, I kind of like start like giving up on
the theater. I was like, this is so fucking
bullish. So, so we'll see.
ANYWAYS. So it's, it's gonna, I mean, it
feels like an Apple versus Android debate.
Android user keeps saying it's better and maybe I don't know
about Apple's. Yeah, that's it, dude.
Like honestly man, like I just feel the same way as you sell.
It's like Apple's easier to use. Yeah, sure, I know Android,
there's all this crazy stuff, dude, but like, I don't give a
shit. Like I'll buy more iPhones, you
know what I mean? Like iphone's easy, bro.
My grandma can pick up an iPhone and just like put it up on her
own. Like a 2 year old can call his
parents on iPhones, right? I bet your kids want to use an
iPhone like this. I mean I was an Android user
until a year ago and I'll absolutely never go back.
It's the same thing with like. I used Ethereum until I started
using Slana. Now I.
Lily, what made me flip is the day I got onto Jupiter and I was
like, whoa, why don't we have that?
And every time I go on unit swap, I want to like bust my
head open, you know what I mean? So it'd.
Be a good saying to talking about Jupiter.
Good SEC to talk about Jupiter. Tell me.
Apparently we're getting steamy season tomorrow.
We're getting steamy tomorrow, but it's worth much less than it
was. Unfortunately folks, Jupiter is
down 35%. Yeah, but it was up 30%, right?
It's it's, it's up on the week. So Joopers up 8% on the week.
It's at $0.85. Oh, OK, that's good.
It was $0.70 on the show last week.
I know, but it hit $1.20. Yeah, yeah, this weekend.
And of course, you know, that was maybe a little bit of a blow
off top. If you would have asked me at
that point in time. I actually, I thought that was
going to hold through the AirDrop, but clearly now folks
kind of front running the AirDrop, the AirDrop.
So that's the news. The AirDrop is tomorrow, I
believe 10:30 AM Eastern. It's 330 UTC.
I think it's five hours, so 10:30 AM is oh, be live during
the show. So we might be able to track,
you know, the volatility, but that's a very nice stimulus.
Yeah, Speaking of, yeah, go ahead.
Sorry. Like 700 million, I think is, is
basically what's been targeted into what is already like a very
liquid Solana market. And it, it we're in for a it's
presenting a very interesting trading environment here on
Solana. So, so here's my read and I'm
curious for your read, Trump comes out.
It makes several on chain trenches warriors, a lot of
money in a very short period of time.
One of the impacts is that it wrecks all the other markets and
a lot of those same people and other folks simply exited and a
lot are stabled up and, or just holding Seoul, but they're not
getting out of the casino. They're all actively looking for
where to redeploy. And it really feels like we've
been in this kind of holding pattern and everyone's kind of
waiting to see like what what's, what are the first movers?
Where is the, the, the sole hot ball money going to flow?
Guess what? The hot ball money is much
bigger because there's 3 1/2 billion dollars of of new fresh
stable coins on slaughter. And so the the ball has gotten
bigger. It's, it's not just total salon
of PvP. We actually got the PVE moment.
The folks who use their debit cards and credit cards to buy
Trump token on moon shot. That money is now on chance.
A good a good chunk of it is now we have a $700 million stimulus
coming from Jupiter. It's January, it's mid January.
So folks aren't really thinking about taxes.
Folks aren't really thinking about into year stuff.
They're thinking about where can I run this up?
I, I think, and there's a longer discussion to be had about like,
you know, where we are in the cycle, should you be taking
profits? But I I feel like it is
potentially like an explosive moment here.
Dude, yeah. I mean, I hate to stop you.
We have two breaking news. They're not executive order
related, but they're on top of what you're saying.
So Justin, the Bank of America CEO says the banking industry
will embrace cryptocurrency if regulators allow it.
So that's just in literally 10 minutes ago.
So it's good news number one. And the second one is Jeremy
Allaire, CEO of USD of Circle just announced 3 different
things. So this is about to be every
company right now. We have acquired hash note issue
of the world's largest tokenized market money market fund, USYC.
We have entered into a strategic partnership with Global Trading
from DRW to drive USEC&UZY and crypto and Track 5 markets.
We have because it's relevant to what you're talking about, right
stables. We have announced our plans to
launch USEC alongside USYC on the Canton Blockchain network.
This is just nonstop. Like obviously we have to let
that simmer and see what we make of these, but just it's going to
be banks and large companies announcing stuff nonstop in my
opinion. It's getting easier and easier
to, to put your money on chain and imagine if USDC yield is
better than the yield you're going to get in your bank
account. Imagine if you can custody your
USDC with Bank of America and still capture that yield in some
capacity. And bro, this is, this is in the
bank's incentives because the more assets they have on their
balance sheet, the more that you know, they can do with respect
to, to lending it, it enables them, it, it grows their pie
that they can, you know, lever up on effectively.
So they're going to be, they're going to go gangbusters for
this. Why?
Why wouldn't they? And now like the regulatory,
like we're going to get the regulatory framework like all,
like everything is pointing in that direction.
And the more capital that comes on chain like you have to assume
that is going to grow the whole pie and like the path to 10
trillion, like we are seeing the building blocks that the
dominoes that have to fall or crypto to get to 10 trillion,
like they're being put in place actively in front of us.
Yeah, it's it's just so obvious to me.
I don't know, like people just you know, this is a very like
volatile week that sucks, especially for meme coins
because like you know, meme coins just get like destroyed
during like these weeks. Obviously doesn't help that, you
know, you have Melania and Trump like the drop coins
back-to-back, which suck the like a lot of liquidity, but you
have Jupiter tomorrow, like where this is Jupiter drop goes.
Nobody's holding Jupiter, by the way.
I mean some people may be like the average DJ is not holding
Jupiter. He's going to take the STEMI and
he's going to take his cash to his favorite meme coin, right.
So I don't know, I just see there's just so many catalysts
on the way and now you also have another one.
I mean Bryan Armstrong's on CBCNBC.
Look at this dude. It's it's like a reverse attack.
You know, look at this is. Right now this is like 8 minutes
ago. Let's play this.
We have seen just you know incredible growth and I think it
hit an all time high yesterday. So we feel very good about that.
But I think over time we'll see Bitcoin get into the millions,
multiple millions of price range.
I mean, it's being adopted by more and more institutional
customers. The ETFs brought in a huge
amount of inflow. If we get clear legislation
passed in the US, that would be a big milestone, strategic
Bitcoin reserve. If the US took that path,
probably the rest of the G20 would follow.
In fact, you know, I've discussed with a number of
finance ministers here in Switzerland from different
countries around the world, just the idea of a strategic Bitcoin
reserve. They're getting more interested
in it now because the US is looking into it.
So I think Bitcoin has a long way to go.
It's going to be the new gold standard out there.
And crypto is really much bigger than that too.
It's it's about payments. As the West, the World Economic
Forum starts today, he's in Davos.
So we're about to just get like last year.
Also is counterfeiture all getting good news?
So it's going to be 4 days of this.
By the way, that's why news from Circle just came out.
How could you think that the top is in with all this?
This is all just starting. And maybe it, maybe I'm foolish,
maybe I'm naive. I just don't I'm happy to be
wrong about this one. Like the, the, it really feels
like it's just kind of all starting to happen.
And I got, I'm not saying there aren't going to be pull backs.
I don't know what it means for price action in the near term,
but I, I really, I, I'm strengthening my belief that you
that we are going to throw out any kind of the previous four
year cycle thing with with 70% crashes after run UPS.
And maybe that depends on how far we run up.
I don't know. But it just feels like a
paradigm shift. Yeah, yeah.
It's it's it's really interesting, but I, I, I just
yeah, that there's. I know you, you kind of went
down the macro hole again, but do you want to pull back to slot
for a minute? It's like, so I laid out my my
case out where I, yeah, of course do.
You want me to pull one out for some?
Like what's your read like? I feel like you're kind of in
that boat too, like you deployed.
Like are you actively looking to like make moves?
Like what's your read on kind of this current?
I put half my money in JLP and half my money in far coin.
I'm down horrendous on far coin right now, so I'm not going to
look, but my swings on far corners are massive.
So I'm used to it. Like it's my I'm just like
reliving mog here and so and obviously my E bag is untouched
like wrecked mog. I'm not like when I say I'm half
and half like it's because most of my money, like on salon and
blockchain, right, But like I never like I have a very big
position on wrecked. Must be a top 20 holder, top 25
holder. And then of course, I have my
mug forever. But that's what I did, man.
I, I put quite a significant amount with GLP because, you
know, I think Mandel really convinced me here to make a
better decision just in case the mean, because I'm a very, very
high, high, high risk trader. And I've been hardcore high risk
for the last few months. Like at some point a few months
ago, I sold all my stolen ether meme coins, which obviously is
pretty good, not insane, but really good.
And I'm back to being like half, half high risk.
And I don't think GLP is too much risks of the, you know, the
USDC side and everything like it's 40% stables, right?
But yeah, I'm, I think this is the time to still be risk on
obviously NFADYR. But this is where I put my money
in my office publicly all the time, right?
So I, I'm still very bullish on on, on what's to come.
Like my thesis doesn't change. You, you see me bull post the
most because you're in like a couple of chats that I I'm
active in. So you, you see, you know me
very well at this stage. Like if I say I'm convinced
Farkon's won the $5, for example, and I said that what,
Sunday or Saturday, I'm not going to change my stance
because at 1:50 this morning, you know what I mean?
If I had money, more money, I would buy more here.
But I have strict orders from my quant Mando to not touch my GLP
and to protect it at all cost. If I could right now, I would
grab a half, $1,000,000 and put Farkon at this rate, right?
But I won't and it's my fault. I pulled the trigger too fast
after a big Trump trade. I should have waited 36 hours,
but it's my fault and now I'll just wait and sit it out.
I'll be community members, it's OK, I'll just bull post my bags.
But you know, that's how I feel about it.
Like to me like Solana is super bullish.
The whole Ethereum stuff going on right now while it's
bottoming out will take a little bit to help play out good for
Solana at the end of the day, which how much as much as I hate
it because I'm not APVP guy, more like PVE.
So you know, and I like the Solana trade.
I like the Solana ecosystem trade.
I think Mando's right about radium and clearly the market is
showing that he's right. I mean, I think his thread helps
a lot because he's like Chad and people listen to him.
So perhaps some big money flowed into radium post his like I have
AI know someone that put half $1,000,000 on radium just
because of metals threat. I mean, like it's just like,
yeah, it's because I think he he laid out a very like, you know,
man, he's a very smart trader, right?
When he's right, he's right big when he's wrong, he's wrong, but
like he's mostly right big, right.
So yeah, I think I'm I'm super bullish man on Solana and sequel
system. I think it's going to thrive.
I mean the other day Trump coin is on Solana as well.
So say Trump coin is part of this.
Let's let's talk about this crypto reserve thing, right,
because like men put a tweet yesterday, he full parted Trump
right. I know a lot of you guys on the
Trump trade like you and Ovie and I don't know men, though I'm
not sure he is, but I know Ovie is.
I think whiz men, Frank, TG, like all the, you know, big
characters on X and you know, they're talking about how like,
there's going to be a cheap crypto reserve and that Trump's
going to be in it. Like, I'm not sure it will, but
let's say it is. Well, let's say Trump does go
higher. Surely the online line
underlying blockchain goes higher too, right?
I think that's a good bet. Yeah.
So, so you're saying you're bullish on Solana because of
partially because of Trump? I mean, that was a big part of
of my so long thesis this weekend was if you the Trump
token just added what, 38 billion FTV and Solana kind of
looked cheap comparatively. I guess that's kind of what
Mando was saying. So we've since seen, you know,
the Trump token fall by 30 billion or so.
And Solana fell with it, right? Yeah, exactly.
And the FTV, well that the ETF news from this morning and folks
like this is like this Rex Fund, I haven't had a chance to dig
in. This was right before the show.
I don't know how legitimate they are, but I don't know if they're
going to get the ball over the goal post.
But it was kind of the 1st signal to me that a Trump ETF is
a non 0 possibility here this year.
Well, there's always going to be non 0 in all these things,
right? Because what do we know?
Like we have a crypto president. Now well, I already thought we
were going to have a meme coin ETF, so like that was already
part of a. I'm convinced as well.
A basket, right? And if there's a basket of meme
coins like the for charters, it was going to be Doge.
Now it's like if you're, if you're firing up this and you
have to go sell this product to people, you don't think you're
going to put the Trump coin in it like.
It's so funny you say that. Wizard tweet 3 minutes ago
tweets this out. You guys are hilarious.
Strategic meme reserve is not priced in.
Fart Coin. Penguin Trump.
Yeah. I mean, I don't know if fart
coin would be in it. It doesn't need to be in it.
I'm just going to say I'm in for that because I always see like
my bags but it's so funny. I agree with you though.
If there was to be a not a reserve, by the way, I don't
think it's going to be meme reserve, but meme ETF.
Yeah, yeah. Those are very different things,
like a reserve and an ETF. Yeah, and the FARC one will be
funny because it's tried fine. The tried fine.
Guys fucking love this thing. But look, I think what's, let's
talk about this strategic reserve thing, executive orders
for a minute, Tyler. So that's something we're all
waiting on today, yesterday night, Elon Musk confirmed,
literally confirmed that Ross will be pardoned.
And we're talking about a full pardon here.
Like not just like his sentence will be commute commuted.
Is that the term or something like that?
There will be a full on pardon for, for, for, for Ross, which
is a pretty big signal, right? There's that.
Yeah, I, I personally have have cared less about this than the
other stuff, but I know a lot of people do care about this.
And I think that the primary signal is if they do this, it
means they're that he's likely to follow through on the other
crypto promises that were. Made and then there was this.
In addition to sign an executive order establishing the Crypto
council, crypto policy leaders are also expecting Trump to sign
executive order banning the creation of CBDC.
Unclear when exactly those E OS may be signed.
So this is my current base case. Like I, I think we're going to
get the executive order that establishes a crypto council.
Like that's, that's the low hanging fruit.
It's not controversial, You know, there's less to be worked
out. I would bet that that happens in
the next two to three. Like I think it happens this
week. The wild card is if we're going
to see a strategic reserve, which I would have said was like
30% And then like there was there was just so much more
growing chatter in this past week from folks like Sailor,
from Loomis, from Bailey. And granted, like that would
benefit their bags. So like maybe they're talking a
lot of pocket. That is what made me think that
the reserve was more like 50 or 60% chance to happen this week.
Like you don't think it's going to happen this week.
So like you've kind of got me a little bit more like hesitant
that it's actually going to come this week and it's like talking
out with folks and, and maybe it's better for us not to come
right now, yeah. I just don't want people to have
the expectation that this to reserve is everything like you
included and everyone like I just like because that way also
if it happens, you're more for it too.
You know what I mean? But it's just like, and now, you
know, I'm starting to also change my stance on like, even
if we do get a reserve, it's not going to be Bitcoin strategic
reserve. Maybe it's a crypto strategic
reserve as a whole that has a basket of crypto.
I. Think it's more like.
An interesting play, right? Including Ethereum, including
Solana, whether it includes the Trump corner or not, I don't
know. Like, I think also I was to
explain this to the boys yesterday.
There's a big difference between Donald Trump the president, the
politician, and Donald Trump the businessman.
And you have to separate the two of them When you like, when you
think about him. Now that the real Donald Trump
account is gone, he's not going to tweet about his name corner
on POTUS or Mahue or maybe, I don't know.
I don't think he would, right? I think it's pretty weird.
Look for the president the day after he just got elected, maybe
in six months. Ask me again.
So like, you know, a a crypto strategic reserve that probably
includes a basket of the top top ten at this stage, maybe even
Tron for what it's worth because of world liberty financials.
But again, that's business. That's business.
Trump. So politician Trump, I think
would do Bitcoin, ETH sold XRP XRP just because and I have no
exposure. I'm just saying like it seems
like it's like American coin. I mean, it's, it's #3 right?
It is #3 after all, you know, top three crypto, BTC and XRP
not sold. So by the way, the code is
abstract, abstract ABS tracked abstract code, Robidoc or some
raffle ball dot XYZ abstract is the code.
But what do you think? Like let's talk about this for a
minute. Like what do you actually think
is going to happen? Like and and when is by the way,
is he going to televise it again?
What I'm struggling to see is like, so part of the big
question to reserve is they were we were going to go out and buy,
you know, X amount of Bitcoin for five.
Years and not sell the one we have right?
Is the US really going to go out and buy Ethereum and Salana like
that? Feels a little bit more of a
stretch to me. Because.
One way they could do it is allow traders to pay their taxes
to the US government, and that actually makes a little bit more
sense. Fiber.
And actually go in and acquire and then they can just keep it.
I like that. Interesting.
I think like they, what they could pull off today out of the
hat is like executive order on Ross, executive order on not
selling the remainder of the Bitcoin that they have not
announced that they're doing a buyback of Bitcoin, but that the
Bitcoin they have goes into a strategic reserve and then they
can go and announce all the buys and shit later.
I don't know, I just see like I just yesterday I was looking at
the timeline and, and I know I was tweeting about this or
texting about this, whatever. I was like, I think we like, we
think crypto's too important, man.
Like this. It's like I'm in a funny tweet
yesterday. I think people like that one.
It's like that. I can't believe Trump
prioritized political prisoners over my meme coins.
Well, and part of it too is like I saw tweets that everyone in CT
is watching the one minute chart and not the one year chart and
that that drives it too. And like I'm one of them.
Like I was literally watching like the one second, like hype 2
moves on hype yesterday, some longs out there.
And like when you're in that mindset, like yes, like you get
your hopes up for things to happen on a.
Daily, yeah. And it's fun and it's like a
part of the game. It is.
You also like can't you can't lose the plot.
Like you can't think that the cryptos cycle top is in because
Bitcoin went to 100K because Trump didn't sign an an
executive order on his first day where he only signed like 20.
Yeah. Nonsense.
Yeah, that's the thing. Barely.
I watched the whole thing. I don't know, Yesterday I I
loved yesterday. It was so fun to watch
everything. By the way, was it?
Was just over the top, like they had marching bands.
They had an answer and when he threw the pins into the crowd,
like at the end, it's like this is the penultimate showman.
Well. Baron Trump though, like that MF
dude I fucking love this kid like the fucking.
Embarrassed. Man, that was a standing ovation
for the kid, you know? Yeah, they really like this kid.
Oh. Man, he's so funny, dude.
There's a lot of beer and token drama.
Probably not enough time to get into it, but.
Yeah, he's just so look at it. Look at this.
I didn't know he was 69. He's a giant behemoth.
This other game, this other game, this, I mean, this is how
tall he is by the way, True, this is real video.
I I saw this like I I lost it. So I knew how tall it was
because like when I was when I was Mar a Lago, like these guys
were showing me pictures of them and Baron and I was like, holy
shit, dude. Like this guy's like like it.
These guys are already tall, right?
They're sitting in front of me like they're like this tall
because I'm short and then they're like even taller than
them. And I was like what?
Like it was impossible, dude. ANYWAYS, so that was funny.
What else? What?
What else do we have time to to to sum up in a couple minutes
here I can just send. A quick AI recap this problem,
it looks like, you know, some we don't want to get, you know, too
happy on a rebound here, but a few of the leaders grinding up.
So AI16Z back up 17% here, Griffane up 13 percent or 80
arc. Wow.
Since 475 so those that that particular pocket had a nice day
and then there were some nice winters downstream as well like
swarms up 25% Moby up 31%. That new token is back to 100
million. So it's that's looking very
strong for its first week being amidst all this like total
bloodshed. You had Y&E up 48%.
Let's see there a handful of others, but granted, the green
looks a little bit stronger because.
In an arc man. Everything just dropped by 50%.
So like. They're back to good levels,
man. Like they're back to comfy
levels. I don't.
I don't neither, but this is a very comfortable level.
Yeah, I mean, you, you really can't be too down on ARC, like
no. It's you're gonna completely be
down on ARC unless you bought the top and we're close to the
top right sort. Of looks pretty damn good.
This is fucking incredible. I love it.
I love this coin. I own none of it.
I really like this coin. Just makes you smile.
It's looking at the. Brand, man, it's a good vibe
coin. It's good :) to PFP, dude, you
know, even with me, like you know me, I'm just pounding my I.
I wish I was in those early on, but I really like these two
coins man. Yeah, Griffin's been a tough one
for me. It's like I I had a very large
bag early and then I went to go use the website and it was just
totally non functional. Yeah, I feel that.
I sold it all. Don't use the product brother.
Don't take these. Products Product on AI Salata.
Do not use the AI meta products because you will immediately
dump your bag. There is nothing there.
I mean for the most of them. I'm not saying Griffin doesn't
have it. I'm not saying they're not going
to try this. So please don't twist my words
that you want. I'm just saying like in general,
don't like in NFT season, do not look back then at where the team
like what's the backgrounds are? They're business acumen.
They just don't look left curve it, smash a pan on your head and
then go buy stuff. You know, I hate that this is
the best advice I can give everyone, but think about it
like go is the most make curve play possible.
It's down the most right? And you know, I mean, look at
this. Oh no.
Look at that. What it just keeps.
It didn't even bounce today like Griffin and Ark.
Not even I don't know why, because oh surely it's going to
be the first one. So surely it's the first thing
in starting that. No, nobody cares.
Oh, so this, this kind of goes back to where the point I was
making earlier, like, and I think Razzmar tweeted this and
I, I don't agree with Razzmar 95% of the.
Time. What do you say?
He said that he feels like we're in the Great Reset and that
basically everyone is stabled up and looking for the next play.
This is very accurate. And I do think that's accurate.
Like that is awesome. Sorry.
Go ahead, there was a cut. My bad.
No. And that that is my gut feel.
And I think that is like if. This is true.
You're, you're holding the 2023 memes, the 2024 memes like you.
I think you have to really evaluate.
Like, do you think people with fresh stabled money right now
are going to go buy those? And if not, like, is it time to,
to cut the cord and look forward?
Like, I, I don't know, I, I, I feel like the next couple weeks,
you're going to be very pivotal to, to kind of show us what this
quarter is going to look like. With all that said, Trump just
threw a curveball into the entire quarter by dropping a
meme coin on Friday. Well, the Melania thing is
really like fucked everything right?
Not even the Trump thing. Like whoever is behind the
Melania 1 is a fucking idiot. Like I mean good for you made
money, but that was the one. I don't think this Trump one
like it did throw curve value right, but the millennial 1 was
really the one that fucked shit up.
It was no new Trump family coin yesterday was very positive.
If we don't get a new coin today, like I mean, my stomach
was in knots yesterday. I said that and it was because
Kook's out here tweeting. Then there's 3 coins.
You doing kook? Fuck you kook.
I like the guy now. Like I'm just I'm fully over the
whole kook for oak thing. Back then we started early
cycle, like, dude, you're pushing the buttons.
Coke, Yeah, you're get your Canadian.
I'm going to fucking get your Canadian ass back to Canada, all
right? I'm going to have Trudeau put
you in a in a fucking box and stop tweeting, dude.
All right, back to Canada. There's no more tokens coming.
When we got the second token on Sunday after a Friday night
debut, it's like no one could be fully sure that there's not more
coins coming. But every day that goes by,
like, we get a little bit more comfortable, like.
I I agree with you. This is funny.
I I think well for what's first guys, relax, nobody these
they're not dropping more coins. In my opinion, Trump cannot
tweet more. As a matter of fact, I cannot
agree with 905 and I tweeted yesterday like Trump may never
tweet about his coin again or talk about it.
There's a chance this happens as well.
That doesn't mean it's bearish for Trump coin.
He put it out there, it went to $75 billion.
It went up Infinity. It's still 30 plus.
It's now Trump's attention coin and Trump's going to have the
intention of the entire globe for four years.
You're good. You know what I mean?
Like every mention of crypto from Trump, even Bitcoin is good
for Trump coin probably at this stage.
So we'll see, but it's going to be huge.
Does anyone know when the executive orders are today?
And let's get to this giveaway thing.
But when anybody know in the chat like what do you know
Tyler? What time does he get back on
the saddle? No idea and honestly I I don't
even want to follow it minute by minute.
Anymore it's impressive the 80 year old purse man being able to
all like yesterday I followed the whole thing right.
You and I were like watching every stream together, Like from
the signing to the parade, to the lunch, to the executive
orders, to the arena, to the Oval Office, to the party after,
to the I have to say I I got mad respect for the hustle.
I mean, you know, they showed some of the videos of like when
he was on the campaign trail, it was even more than that.
Like he gets on the plane at 5:00 AM.
He, he flies. He's.
Always on the plane. Gives a speech, flies to the
next event. Fundraiser flies to the next
one. It's a night time speech like.
He's a real 1. The man can do it.
He's a real one, dude. That's what it is.
Just relentless. Like I, I know people sometimes
hate to hear it, like when you like give this guy his his
flowers, but like, I don't know, man, like he's a hustler.
So I respect, you know, like game recognizes game type shit
and so it's pretty cool. I mean, you know, that's what it
is. All right, since let's do this
and then tomorrow we're gonna have some more topics going to
more markets with the wrecked Mando.